Set up classifications

Modified on Wed, 18 Feb at 5:35 AM

Introduction

Classifications are codes allocated to financial transactions in a general ledger, and every general ledger account needs a classification.

If your school is new to Zunia, default classifications are created in your finance entity.

This guide shows you how to add, edit and delete classifications to fit your school's needs.

Set up classifications in the general ledger

To set up classifications, go to your finance entity and select Finance settings > General ledger settings.

Select Classifications, and the list of classifications displays.

To add a classification, select Add. 
The Add classification pop-up appears.

In Add classification, enter the details:

Field	Description
Type	Select either ‘Profit and loss’ or ‘Balance sheet’.
Description	Add the names of the classification you’re creating.
Sort order	This number decides the classification order on this list.

When you've filled in these details, select Save.
 You’ve now added a general ledger classification.

Once you add a general ledger classification, you can't change the Type, for example, Profit and loss, or Balance sheet.

You can select only an active classification when creating a general ledger account.

You can use the 3 dots icon if you want to edit, delete, or set a classification as inactive.

Note: You can delete a general ledger classification only if it isn't added to any general ledger accounts.